Analysts Set Cousins Properties Incorporated (NYSE:CUZ) Target Price at $32.18

Shares of Cousins Properties Incorporated (NYSE:CUZ) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.1818.

Several brokerages recently commented on CUZ. Wall Street Zen downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Mizuho lifted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, October 8th. Jefferies Financial Group lowered Cousins Properties from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $34.00 to $27.00 in a report on Monday, October 13th. Finally, Evercore ISI boosted their price objective on Cousins Properties from $31.00 to $32.00 and gave the company an “in-line” rating in a research report on Monday, September 15th.

Cousins Properties Stock Performance

CUZ stock opened at $26.16 on Thursday. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 70.71, a P/E/G ratio of 2.29 and a beta of 1.36. Cousins Properties has a 12 month low of $24.07 and a 12 month high of $32.55. The firm has a 50 day moving average of $27.74 and a two-hundred day moving average of $28.19.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%.The company had revenue of $246.46 million for the quarter, compared to analyst estimates of $239.70 million. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Cousins Properties has set its FY 2025 guidance at 2.820-2.860 EPS. As a group, equities analysts anticipate that Cousins Properties will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Friday, October 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.9%. Cousins Properties’s dividend payout ratio is currently 365.71%.

Insider Activity at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 4,612 shares of Cousins Properties stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $29.30, for a total transaction of $135,131.60. Following the sale, the chief accounting officer directly owned 13,518 shares in the company, valued at approximately $396,077.40. The trade was a 25.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. N.E.W. Advisory Services LLC bought a new stake in shares of Cousins Properties during the first quarter worth $36,000. SJS Investment Consulting Inc. acquired a new position in Cousins Properties during the 3rd quarter worth about $48,000. EverSource Wealth Advisors LLC grew its holdings in Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 753 shares during the last quarter. UMB Bank n.a. grew its holdings in Cousins Properties by 74.8% during the 2nd quarter. UMB Bank n.a. now owns 2,341 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 1,002 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in Cousins Properties by 2,095.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 2,242 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Company Profile

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.